Intact Financial (IFCZF) Expected to Post Quarterly Earnings on Tuesday

Intact Financial (OTCMKTS:IFCZF) is anticipated to post its results after the market closes on Tuesday, July 28th. Analysts expect Intact Financial to post earnings of $2.68 per share and revenue of $4.2099 billion for the quarter.

Intact Financial (OTCMKTS:IFCZF) last released its quarterly earnings data on Tuesday, May 5th. The company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.24. Intact Financial had a net margin of 12.02% and a return on equity of 19.25%. The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.28 billion.

Intact Financial Stock Performance

IFCZF opened at $209.93 on Tuesday. Intact Financial has a one year low of $174.43 and a one year high of $226.09. The stock has a market capitalization of $37.02 billion and a P/E ratio of 15.45. The business’s 50-day simple moving average is $200.69 and its 200-day simple moving average is $193.14.

Analyst Upgrades and Downgrades

Several research analysts have commented on IFCZF shares. Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a research report on Tuesday, July 7th. TD Securities reissued a “buy” rating on shares of Intact Financial in a report on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a research report on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Intact Financial

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.